Sat.Jan 15, 2022 - Fri.Jan 21, 2022

Milo launches a crypto mortgage product

Housing Wire

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. And the company claims that there is already a waitlist for the product. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property.

New Home Construction Expectations for 2022

Appraisal Buzz

The housing market boomed in 2021 like few could have expected. What is on the horizon in 2022? Home prices are rising to record highs , and many policymakers and industry professionals have begun turning to building to ease shortages.

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Don’t Be Alice!

The Appraiser Coach

In his classic novel Alice in Wonderland, author Lewis Carroll teaches an important principle through the character of the Cheshire Cat. Lost in the woods and faced with a crossroads, Read More.

Becoming a real estate meme & the top and bottom of the market

Sacramento Appraisal Blog

Do you ever feel like it’s going to be a good week? I’m definitely feeling that way as I finally got rid of a nagging cold that wouldn’t go away. I tested negative multiple times, so this really was a cold.

Did existing home sales peak in 2021?

Housing Wire

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 million. This number is in line with my sales range for 2021 of 5.84 million to 6.2 million, but a tad higher than my existing home sales range for 2022, which is between 5.74

Home Values Up Nearly 20% From Last Year

Appraisal Buzz

People were not just fighting to get gifts this holiday season, they were also eager to get into homes entering the market in droves. But those that entered the market were not just fighting astonishingly low inventory levels, but record high prices as well.

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Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eyes on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

Purchase mortgage volume projected to clear $2.1T in ’22, ’23

Housing Wire

Despite the expected rise in interest rates, the single-family housing market will continue to be boom in 2022, according to a report published by Freddie Mac this week.

Diving into Market Value in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. Today we have Joan Trice, Founder of Clearbox, LLC., and Michael Perry, CEO of Perry Appraisal Services.

7 of the Best Downtown Raleigh Restaurants {2022}

Raleigh Realty

Downtown Raleigh Restaurants It was a tough job eating at so many of the best downtown Raleigh restaurants, someone had to do it though While we are a local Raleigh real estate company helping people buy and sell homes we love writing about all the best things about Raleigh Let me start by saying this article was damn near impossible to write.

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2021 U.S. Population Growth Lowest on Record

Eyes on Housing

According to the U.S. Census Bureau, the of the United States increased by 393,000 to an estimated 332 million from the previous year. In 2021, the estimated population growth rate of 0.12 percent was the lowest since the Bureau began collecting this data beginning in 1900.

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Mortgage rates have eclipsed 3.5%

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%.

Mortgage Loans in Forbearance Dropped 26 Basis Points at the End of 2021

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) new monthly Loan Monitoring Survey has revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021.

17 Best Restaurants in Raleigh NC {2022 Guide}

Raleigh Realty

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Housing Starts End 2021 with Annual Gains

Eyes on Housing

Home building ended 2021 with strong annual gains as demand accelerated in the wake of the pandemic. These annual gains were realized despite supply-chain limitations for materials and ongoing access issues for labor and lots. Single-family starts ended 2021 with a 13.4%

Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Mortgage Applications Decreased 7.1% for New Home Purchases

Appraisal Buzz

The Mortgage Bankers Association Builder Application Survey released data for December 2021, showing mortgage applications for new home purchases decreased 7.1% compared from a year ago. Compared to November 2021, applications decreased by 5%.

Clear Capital announces automated appraisal photo review innovation

Valuation Review

Clear Capital recently announced ClearPhoto, a set of AI-driven rules built into ClearCollateral Review, automating the review of property photos and ensuring they are aligned with the appraisal data and sketch. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions

November Single-Family Permit Gains

Eyes on Housing

Over the first eleven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,029,208. On a year-over-year (YoY) basis, this is a 15.9% increase over the November 2020 level of 888,217.

Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday.

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Floify Integrates Wolters Kluwer’s eOriginal into Loan Processing System

Appraisal Buzz

Wolters Kluwer Compliance Solutions and Floify , a point-of-sale solution in the mortgage industry and subsidiary of Porch Group Inc., are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite.

Desktop Appraisals Coming Soon; Flips too

JMV Lending

“Flips” Still A Thing A “flip” is a home that has was recently purchased and then subsequently listed for sale – typically at a higher price point – within a specific time period (3 to 12 months, depending on investors or guidelines).

Builder Confidence Edges Lower on Inflation Concerns

Eyes on Housing

Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust.

Desktop appraisal option to start in March

Housing Wire

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%.

Which Housing Markets Are Most at Risk of COVID Impact?

Appraisal Buzz

Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports. The post Which Housing Markets Are Most at Risk of COVID Impact? appeared first on DSNews. The post Which Housing Markets Are Most at Risk of COVID Impact?

Join us at the 2022 Acumatica Summit!

GoForrmz

GoFormz will be onsite as a Gold Sponsor at this year’s Acumatica Summit (January 23- 28, 2022) Next week, GoFormz will be sponsoring the Acumatica Summit in Las Vegas! Will we see you there?

Remodeler Sentiment Continues to Improve Year-over-Year

Eyes on Housing

The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.

Housing starts reach nine-month high in December

Housing Wire

After posting a double digit gain in November , housing starts were up yet again in December, rising 1.4% month over month to a seasonally adjusted annual rate of 1.70 million according to a report released Wednesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Coronavirus Housing Report Spotlights Locales Vulnerable to Economic Impact

Appraisal Buzz

Chicago and New York City areas were seen as the areas most at-risk of negative economic damage related to the pandemic in Q4 of 2021. The post Coronavirus Housing Report Spotlights Locales Vulnerable to Economic Impact appeared first on theMReport.com.

How To Collect HIPAA Forms Online

GoForrmz

Easily share links to your HIPAA forms for patients and individuals outside of your GoFormz account with our Public Forms feature Creating HIPAA-secure forms is easy, requiring no code or IT support required to get started.

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4th Qtr 2021 Housing Market Report for Atlanta

Hank Miller Team

The curtain fell on 2021 and the housing market report for greater Atlanta can be succinctly summed up; crazy.

Forbearance rate drops below 1.5%

Housing Wire

Servicers’ forbearance portfolio volume dropped in December to a level below 1.5% for the first time in 18 months. The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November , according to the Mortgage Bankers Association (MBA).

Ginnie Mae Further Streamlines Advanced Loan Modifications

Appraisal Buzz

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).

Buyers May Face Hidden Costs for Homes with Solar Power

Empire Appraisal Group

Buyers May Face Hidden Costs for Homes with Solar Power. By Kerry Smith. Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing.